Credit Suisse upgrades Texas Instruments to Outperform

• From Neutral, analyst John Pitzer increases target from $77 to $95 (current price $74.38), citing 2017 consensus estimates that are "wrong and too low" (considers revenue growth and operating margin leverage under-modeled), Texas Instruments' strong franchise positioning, its standing to benefit from prospective tax reform and downside support coming in near $70, or a 3% dividend yield.
• Texas Instruments (NYSE:TXN) +0.27%.